Ituran Location and Control Ltd. (ITRN): A Bull Case Theory

We came across a bullish thesis on Ituran Location and Control Ltd. (ITRN) on Substack by Silba. In this article, we will summarize the bulls’ thesis on ITRN. Ituran Location and Control Ltd. (ITRN)'s share was trading at $37.82 as of May 16^th. ITRN’s trailing P/E was 14.01 according to Yahoo Finance.

[caption id="attachment_1214530" align="aligncenter" width="768"] A technician at a workstation, soldering electronic components for vehicle tracking devices.[/caption]

In the mid-1990s, Tel Aviv’s rampant vehicle theft created a costly burden of insurance premiums and losses....